By Robert B. Zoellick (Original source WSJ)
“President Trump’s trade thunder booms so frequently that the public has difficulty discerning what’s really happening. After more than two years of trial and much error, Congress and the country should step back to survey the big picture.
The president’s trade policy represents a fundamental break from the past 85 years. It’s more than a matter of aggressive negotiating tactics. Not since Herbert Hoover has a U.S. president so openly embraced trade protectionism. In his inaugural address, Mr. Trump proudly proclaimed himself a protectionist; we should now believe him. His assertion that he is a “tariff man” should convince any holdouts. The president also likes unpredictability, creating the kind of uncertainty that confuses business planning and investment. For example, after signing the U.S.-Mexico-Canada Agreement (the new North American Free Trade Agreement), he stomped on his own deal by threatening to hike tariffs on Mexico because he was angry about Central Americans seeking asylum.”
Click here to see more
Mike Pence says “time has come” for Trump administration to release “all” Epstein files
The Trump administration is facing criticism from some within the MAGA movement for its handling of the Jeffrey Epstein files. Former Vice President Mike Pence…
Thought Leader: Mike Pence
Chris Miller: U.S. firms remain ‘meaningfully ahead’ of Chinese competitors on AI chips
Chris Miller, Tufts Fletcher School associate professor and ‘Chip War’ author, joins ‘Squawk Box to discuss news of Nvidia resuming sales of its H20 general…
Thought Leader: Chris Miller
Loretta Mester: Firing Fed Chair Powell would be a “terrible idea”
Loretta Mester, Fmr. Cleveland Fed President, joins ‘Fast Money’ to explain why she believes firing Jerome Powell would have a negative impact on the economy.…
Thought Leader: Loretta Mester
